News dalla rete ITA

18 Gennaio 2018

Iran

IRAN STEEL EXPORTS CLIMB 27%

Major Iranian steelmakers exported 4.56 million tons of semi-finished and finished steel products during the first eight months of the current fiscal year (March 21-Nov. 21), registering a 27% growth compared with last year’s corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization reported. The export volume for Aban, the eighth month of the Iranian year (Oct. 23-Nov. 21), stood at 584,847 tons, up 57% year-on-year. Khouzestan Steel Company zoomed past all rivals in the period under review, as it exported 1.73 million tons of slab, bloom and billet, up 57% YOY. Bloom exports had the lion’s share of KSC's shipments with 829,168 tons and went up 165% YOY. Billet exports came next with 474,258 tons up 11%, followed by slabs with 431,957 tons, growing 18% YOY. Esfahan Steel Company was the second biggest exporter during the eight months, with 742,375 tons of beam, rebar, coils and other products shipped overseas, up 83% YOY. Hormozgan Steel Company retained its spot as the third largest exporter by shipping 777,897 tons of slabs, up 5% YOY. The steelmaker’s exports in the eighth month rose by 8% YOY to 152,738 tons. As part of the 20-Year Vision Plan (2005-25), the Iranian steel industry aims to become the world’s sixth largest steelmaker by reaching an output capacity of 55 million tons per year by the deadline (2025). Exports are expected to reach 8 million tons in the current fiscal year, which ends on March 20, 2018. Steel Billet Seen as Major Export in 2025 Vision Plan Exports of steel billet and bloom rose by 25% year-on-year, totaling 1.6 million tons in March-September. To effectively capture this shift in market dynamics, Metal Bulletin is proposing the launch of a weekly assessment for the Iranian billet export market, starting from Jan. 10, 2018. (ICE TEHERAN)